Does the external debt composition matter for economic growth in Tunisia?

Samir Abdelhafidh ()
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Samir Abdelhafidh: University of Tunis El Manar, Faculty of Economics and Management of Tunis

Economics Bulletin, 2020, vol. 40, issue 4, 2802-2818

Abstract: This paper investigates the long-term impact of external debt components on economic growth in Tunisia over the period 1970-2018. The econometric methodology is based on the ARDL approach and the results show that total external debt negatively influenced economic growth. They also highlight the relevance of a distinction between external debt components. Indeed, we found negative and significant impacts for public and publicly guaranteed non-concessional external debt borrowed from multilateral and from international banks, respectively. In contrast, bilateral external debt and bonds seem positively impacted Tunisian economic growth. These results offer some policy implications on the external debt management in Tunisia.

Keywords: ARDL approach; economic growth; external debt composition; Tunisia. (search for similar items in EconPapers)
JEL-codes: F4 O5 (search for similar items in EconPapers)
Date: 2020-10-12
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Citations: View citations in EconPapers (2)

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